1 hour ago Rachel Reeves speech live: Chancellor to pave way for tax hikes in major pre

Speculation mounting that government’s promise to not hike income tax could be broken in Budget

Politics

9 h. ago Reeves to lay groundwork for tax rises in ‘candid’ speech about budget

Chancellor to promise ‘fairness and opportunity’ but will not repeat manifesto pledge on tax, after PM’s hint at breachRachel Reeves will lay the groundwork for a tax-raising budget that could break Labour’s election promise on income tax, in a major speech in which she will be “candid” about the tough choices ahead.The chancellor will give the speech as the markets open on Tuesday, when she will promise to make fair choices at this month’s budget but decline to repeat her manifesto pledge of no rise in income tax, VAT or national insurance. Continue reading...

Economics

9 h. ago Reeves to promise ‘fairness’ in Budget as income tax hike speculation mounts

No 10 repeatedly refused to say whether Labour’s manifesto pledge not to raise income tax still stands.

Economics

16 h. ago My sources have told me about the catastrophic tax rises to come. Pensioners will be horrified... this is where Labour's going to strike and it's devastating: JEFF PRESTRIDGE

With every day that passes it becomes more apparent that the Chancellor will, later this month in the Budget , break Labour 's manifesto commitment not to increase income tax.

Economics

24 h. ago ‘More than a hundred tax and spending plans’ being considered by Reeves ahead of Budget

Around a hundred tax and spending measures are said to be on the table at the Budget, including an increase in income tax

Economics

26 h. ago Scrap tourist tax, university foreign students levy and cut stamp duty on shares to boost London, Reeves urged

The Chancellor could also create new jobs and more homes by supporting new transport schemes for the city, say London bosses

Society

63 h. ago Starmer to face cabinet backlash if he breaks manifesto pledge on income tax

Senior ministers fear rumoured plans could backfire significantly with already-weary voters

Politics

3 d. ago Would Rachel Reeves dare to hike income tax? This is Money Podcast

Despite assurances that Labour would not break its election manifesto by hiking income tax , it appears it is under consideration for the Autumn Budget.

Economics

3 d. ago Finance expert warns income tax rise at Autumn Budget could hit pensioners and self

Speculation is growing that changes to income tax and National Insurance will be announced in November.

Events

4 d. ago Voices: ‘Tax the wealthy, not the workers’: Readers divided on how Reeves should tackle £20bn Budget blackhole

Our community is divided over reports Rachel Reeves’ is set to hike income tax by 2p, with some supporting higher taxes on the wealthy as fair and necessary, while others warn it could harm low-income earners, pensioners, and overall economic growth

Economics

5 d. ago Income tax rise not ruled out by Keir Starmer in PMQs clash on Budget with Kemi Badenoch

Millions of households are set to be hit with tax rises as Rachel Reeves seeks to plug a hole in the public finances

Economics

5 d. ago John Swinney rules out income tax hike in upcoming Scottish Budget

The First Minister restated his commitment not to increase the tax

Economics

6 d. ago Income tax rise only way to plug extra £20bn in Budget black hole, economists warn Reeves

Economists say trying to balance the books by raising smaller taxes risks ‘unnecessary amounts of economic damage’

Economics

6 d. ago Income tax rise only way to plug new £20bn budget black hole, economists warn Reeves

Economists say trying to balance budget by raising smaller taxes risks ‘unnecessary amounts of economic damage’

Economics

6 d. ago Fears grow over big tax rises in Budget as Rachel Reeves hit with £20 billion productivity blow

The Office for Budget Responsibility is set to downgrade its productivity forecasts by more than expected

Economics

7 d. ago Productivity bombshell leaves Brits facing BIGGER tax rises next month and 'blows a £20bn hole in Reeves' Budget'

The Office for Budget Responsibility (OBR) watchdog is reportedly poised to cut its trend productivity forecast by about 0.3 percentage points in its upcoming projections.

Economics

7 d. ago Millions of households to be hit with tax rises in the Budget, Chancellor Rachel Reeves signals

The Chancellor told an economic forum in Saudi Arabia that she would avoid growth-busting new levies on businesses

Economics

9 d. ago Rachel Reeves under pressure to target high earners in Budget tax raid

Exclusive: The chancellor is being pushed to break Labour’s manifesto pledge on not raising income tax

Events

1 week ago Personal Allowance income tax threshold of £12,570 could increase at Autumn Budget

More pensioners will pay tax in retirement next year due to the frozen Personal Allowance.

Economics

1 week ago Desperate Rachel Reeves is 'actively discussing' smashing Labour's manifesto by hiking income tax at Budget as she struggles to fill '£40bn' black hole

Increasing income tax is said to be a 'live debate' between the Chancellor and her aides amid fears she cannot bring in enough cash by solely targeting the 'rich'.

Economics